Examlex

Solved

What Type of Choice Would Include a Decision to Continue

question 17

Multiple Choice

What type of choice would include a decision to continue using the same technique or procedure, rather than trial a new one?


Definitions:

Labor Unemployment

A situation where individuals who are willing and able to work are unable to find employment, often measured by the unemployment rate.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, age, gender, religion, national origin, physical or mental disability, or sexual orientation, among other factors.

Underemployment

Failure to use our resources efficiently. A situation in which workers are employed in positions requiring less skill and education than they have or other resources are not employed in their most productive use.

Opportunity Cost

Loss of potential earnings from different choices when one is picked.

Related Questions